ENA State 2021-12-31 09:31:52 <p><strong>Guwahati, 31 Dec (KNN) </strong>The industrial sector in Assam contribute to 39% of the states GDP of 2021-22 (at current prices) which is projected to be INR 3,77,102 crore. </p> <p>However, firms took 248 days to set up their businesses in the state, as published in North East Now. </p> <p>Further, the Assam Small Industries Development Corporation Limited (ASIDC) which is a nodal department for procurement, has stated that they hadnt received a single procurement to date with adherence to the procurement preference policy 2021. </p> <p>The officials of ASIDC have expressed that it leaves them with no alternatives due to the covid pandemic. </p> <p>But interestingly at the same time, other Indian states were using mass mediums like radio for broadcasting awareness programs on MSME, said ASIDC. </p> <p>They have also raised the issue of absence of high credit score or collaterals, as most of the banks perceive MSMEs as risky clients. </p> <p>Further the lack of infrastructure facilities in MSME in Assam has impeding its growth along with is a lack of an entrepreneurial mindset among the people of Assam. </p> 28008 https://knnindia.co.in/news/newsdetails/state/msmes-in-assam-stuck-in-silos-poor-infrastructure-remains-major-concern 2021-12-31 09:31:52 knnindia.co.in